Cryptocurrency Analysis and News Portal
"Looking forward to the coming quarters, we see a tougher market environment from the lower bitcoin price level, overall increased energy price, and various pandemic and geopolitical uncertainties globally, which may all jeopardize the demand and price for our products," CFO James Jin Cheng said. Source
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The broker initiated coverage of the mining-equipment business with a buy rating and $9 price target. Source
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Bitcoin mining company Canaan said revenue surged 237% from the year-earlier quarter to $213.9 million. Original Source
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The firm has until May 25 to dispute its inclusion on the list, which could eventually see it delist from the Nasdaq. Original Source
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Another aspect of players like Intel coming into the industry, said Lu, is it will make the ASIC manufacturing market more competitive and will incentivize the incumbents to invest additional sums. “I think with Intel's coming in, Canaan and all the other peers in this industry should be well prepared
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The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic
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Canaan’s (CAN) stock surged more than 30% in early trading on Tuesday after the crypto-mining computer manufacturer announced it has approved a program to buy back up to $100 million worth of its shares, after completing its previous $20 million repurchase program last September. Source
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The combination of an expanding customer base and higher average selling price drove the better-than-expected quarter. Source
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Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect
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The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000
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